--< Building your future on the price of Bitcoin >--

[Kakmakr]

So many people have experienced the last all time high of a Bitcoin price high above $18 000 in 2017 and they invested loads of money into a dream of a better future, if the price goes back to $18 000 or much higher than that. 

Now, I am not saying that there is something wrong with having those dreams of making massive profits and funding future projects, because it is still a possibility.

I think the focus should rather be for us to take baby steps to that goal and the way for us to do that is to take small profits when the opportunity presents it self. The concept of buying low and selling high is as old as the mountains, but it is just as affective if you do it more frequently. The Bitcoin price has recovered from the all time low with more than 20% and many people are waiting for it to bounce back to 60% or 80% before they start taking profits again.

If you were one of the unlucky people who bought in at the all time high, you obviously have to wait for the price to recover to your entry price to break even or to make a profit when it pass that price, but there are enough volatility now to get in at a new low price and then taking small profits based on the smaller recovery increments.

If you re-invested at say $5000 and you sold lately at $8000, you could have reduced your precentage loss for the investments that you have done at a buy in price of $18 000. <If you do not want to wait for the $18 000+ price to come around again>

A buddy of mine has done this and he wiped out his potential loss within a few months, by simply buying in low again and selling at more frequent intervals.

Ps. Also remember to spend at least 20% of all the coins you buy, to feed the merchant network and use case for Bitcoin, or it will die as a currency.

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[pakhitheboss]

Very correctly written, but  I think not everyone thought in that sense. Buy low and Sell high. Most of them who had bought Bitcoin are still Holding or they have written it off as Bad investment. Only few might have bought it  back at $3500 - $5000 level. Those who did buy at that level are either professional or smart investors. It not so late for anyone to cover some of the losses, you can still buy at this level and wait till the end of this year.

P.S - DYOR

[hatshepsut93]

Selling along the way is actually what most people do, in fact very few people hold to precisely sell at ATH. In theory it all sounds easy - buy/sell with portions, buy the dip, sell the tip and so on, but on practice everything is hard. But I agree with you that not being too greedy is one of the important skills in trading.

Ps. Also remember to spend at least 20% of all the coins you buy, to feed the merchant network and use case for Bitcoin, or it will die as a currency.

I will start using BTC as a currency when I'll be able to buy products that I buy and at competitive prices.

[CryptoBry]

The strategy is never to stop investing with bitcoin. When there is a dip that can be an opportunity to buy more and when the price goes up cash in and make some profits. Unfortunately, many people are actually not interested to do this for many reasons. Some do not have the time and some are not really inclined to be investors as they were just hyped into bitcoin. One thing is sure if there is a will there will always be a way...and this is quite true with investments.

[talkbitcoin]

Ps. Also remember to spend at least 20% of all the coins you buy, to feed the merchant network and use case for Bitcoin, or it will die as a currency.

i have always been doing that specially as the number of merchants have been growing and i could find more and more products that i wanted to buy with bitcoin.
but the problem is the fees, they are starting to rise up again and i don't like paying a hefty fee to purchase things and also the number of merchants could start shrinking if it keeps up.

[traderethereum]

But the problem is many people have stuck at a high price and they cannot selling the bitcoin because that will makes them get a loss.
They don't have more money to buy a whole 1 bitcoin because their money was inside on every coin they have.
We can see many people have spent a lot of money in a few years ago, and many of them have not sold their coins at 2017 and still hold until now because in that time, they want to make more profit and that makes them delay for selling their coins.
But if that people can add more money to his balance, I am sure that he can slowly recover he lose and he doesn't need to wait for another bull run because he can get a profit from small amount until he can fully recover his losses.

[r1s2g3]

But the problem is many people have stuck at a high price and they cannot selling the bitcoin because that will makes them get a loss.
They don't have more money to buy a whole 1 bitcoin because their money was inside on every coin they have.
We can see many people have spent a lot of money in a few years ago, and many of them have not sold their coins at 2017 and still hold until now because in that time, they want to make more profit and that makes them delay for selling their coins.
But if that people can add more money to his balance, I am sure that he can slowly recover he lose and he doesn't need to wait for another bull run because he can get a profit from small amount until he can fully recover his losses.

Nobody is saying to buy one whole bitcoin. But truth is that people who had purchased at 17K+ has lost hope (Actually they never trid to understand bitcoin technical perspective, al they saw money which dwindled.)

My most of friend want to sell their holding if they get their buying price and they do not want to do more investment.

[CryptopreneurBrainboss]

Taking profit is something I engaged in, in the past and was successful at it but tried this recently and it backfired although then I was operating under some frustration. The best option has always involved hodling until your target is reached although taking some profit and rebuying when the opportunity presents itself isn't that bad but you shouldn't encourage everyone to partake in this strategy because most investors in the community aren't mature for what you just suggested. This suggestion is just like trading and not everyone can succeed at it.

Do what suits you, if you aren't ok with taking seasonal profits (currently I know I'm not) then stick to hodling your bitcoin, it has always been the best option.

[Ailmand]

True, people should not rush in investing and earnig in crypto. A lot of people think crypto is a quick way to earn money. However, people should know that crypto millionaires started investing in crypto when it's price is very low and patiently hodl thei investment till today. A lot of people had lost a lot of money due to FOMO last bull market, I think this will serve as a lesson to think before investing. Crypto can be your way to earn or loss money depending on your investment plan.

[OcTA Bd]

So many people have experienced the last all time high of a Bitcoin price high above $18 000 in 2017 and they invested loads of money into a dream of a better future, if the price goes back to $18 000 or much higher than that. 

Now, I am not saying that there is something wrong with having those dreams of making massive profits and funding future projects, because it is still a possibility.

I think the focus should rather be for us to take baby steps to that goal and the way for us to do that is to take small profits when the opportunity presents it self. The concept of buying low and selling high is as old as the mountains, but it is just as affective if you do it more frequently. The Bitcoin price has recovered from the all time low with more than 20% and many people are waiting for it to bounce back to 60% or 80% before they start taking profits again.

If you were one of the unlucky people who bought in at the all time high, you obviously have to wait for the price to recover to your entry price to break even or to make a profit when it pass that price, but there are enough volatility now to get in at a new low price and then taking small profits based on the smaller recovery increments.

If you re-invested at say $5000 and you sold lately at $8000, you could have reduced your percentage loss for the investments that you have done at a buy in price of $18 000. <If you do not want to wait for the $18 000+ price to come around again>

A buddy of mine has done this and he wiped out his potential loss within a few months, by simply buying in low again and selling at more frequent intervals.

Ps. Also remember to spend at least 20% of all the coins you buy, to feed the merchant network and use case for Bitcoin, or it will die as a currency.

well from my point of view I think your correct. the main think is we all are greedy for high in fact to much high profit. We think that we will invest 5$ and in return we will get 200$ in the next day.

[xvids]

Yes it is better to do some trade it rather than just holding it and gaining nothing and waiting for your lost to recover,
But it is not easy and most of those investor back in 2017 doesn't really know a thing or just invested due to FOMO and hype ,
But I think if they already lose enough they would somehow make some steps to gain back what they lost and that is by studying how to trade because it is the most effective way to earn in crypto,
Don't fall for those online investment scam or those fake cloud mining sites learn how to make your own money by your own skills and knowledge.

[Genemind]

There's no easy way to gain a good profit but by taking things easily. There's no harm in aiming for the best profit but we should know when to invest and when to sell. Perfect timing is the right thing to do.
Sometimes, one of the common thing that could give us regret and mistake is  being greedy. We should take things step by step because there's no shortcut to success here in crypto world.
It's a long process of trial and error. The best thing to do is just to keep trying or keep investing but always keep the basic rule of trading in mind which is to buy low and to sell high.

[traderethereum]

But the problem is many people have stuck at a high price and they cannot selling the bitcoin because that will makes them get a loss.
They don't have more money to buy a whole 1 bitcoin because their money was inside on every coin they have.
We can see many people have spent a lot of money in a few years ago, and many of them have not sold their coins at 2017 and still hold until now because in that time, they want to make more profit and that makes them delay for selling their coins.
But if that people can add more money to his balance, I am sure that he can slowly recover he lose and he doesn't need to wait for another bull run because he can get a profit from small amount until he can fully recover his losses.

Nobody is saying to buy one whole bitcoin. But truth is that people who had purchased at 17K+ has lost hope (Actually they never trid to understand bitcoin technical perspective, al they saw money which dwindled.)

My most of friend want to sell their holding if they get their buying price and they do not want to do more investment.

That is true, and many people have desperate because they bought bitcoin at $17k-$19k and after that, they see the price went down, and even it reach $3k-$4k, so that makes them lose hope.
That is why I said if they can add more money to his balance, they can try to buy bitcoin at the lowest price and sell bitcoin when the price increases.
I have seen some of my friends still waiting to see the price can rise more than the price they bought and they still make more investment and not just in bitcoin, but they also invest in altcoin because they believe that all bitcoin and altcoin will increase later.

[Carollzinha]

I will start using BTC as a currency when I'll be able to buy products that I buy and at competitive prices.

That's actually a thing about to happen.. look back at 2-3 years ago, we had nowhere to spend our cryptos but exchanges while now we have lots of online well known stores selling stuff / services and, depending in where you are from, you can even buy it in offline stores.. lots of stuff for us to spend our cryptos in a daily basis.
I don't know what exactly you mean by competitive prices but here, in Brazil, many stores will offer you some discount if you use BTC (or cryptos) as payment method.. they are aware of the growth the coins had lately so they are trying to take advantage of it

[okala]

It the right time to change the mentality of seeing bitcoin as a get rich quick scheme, because this is what have lead so many investors in frustration because they jump in when bitcoin was at it all time high of above $18,000 in 2017 and are expecting the price of bitcoin to rise above they cost price. But the truth is we must understand the volatility of the market which is unpredictable and should invest what we can afford to let go when our expectations never become reality.

[avikz]

So many people have experienced the last all time high of a Bitcoin price high above $18 000 in 2017 and they invested loads of money into a dream of a better future, if the price goes back to $18 000 or much higher than that. 

Now, I am not saying that there is something wrong with having those dreams of making massive profits and funding future projects, because it is still a possibility.

I think the focus should rather be for us to take baby steps to that goal and the way for us to do that is to take small profits when the opportunity presents it self. The concept of buying low and selling high is as old as the mountains, but it is just as affective if you do it more frequently. The Bitcoin price has recovered from the all time low with more than 20% and many people are waiting for it to bounce back to 60% or 80% before they start taking profits again.

If you were one of the unlucky people who bought in at the all time high, you obviously have to wait for the price to recover to your entry price to break even or to make a profit when it pass that price, but there are enough volatility now to get in at a new low price and then taking small profits based on the smaller recovery increments.

If you re-invested at say $5000 and you sold lately at $8000, you could have reduced your precentage loss for the investments that you have done at a buy in price of $18 000. <If you do not want to wait for the $18 000+ price to come around again>

A buddy of mine has done this and he wiped out his potential loss within a few months, by simply buying in low again and selling at more frequent intervals.

Ps. Also remember to spend at least 20% of all the coins you buy, to feed the merchant network and use case for Bitcoin, or it will die as a currency.

Can't agree more! People should start learning to take baby steps and make small profits to wipe out the previous losses. It's definitely an excellent way. However, majority of the people who bought bitcoin at ATH, are not the ones from trader's segment. They have no idea about what bitcoin is, but they had invested because someone from his/her friend circle recommended them to invest to gain high profit. I personally know 3 people from my previous office, who had invested in bitcoin using their credit card because some wealth manager advised them to do so. Now they just paying their credit card debts through salary and have never looked back at the investment. A personal interest is needed to follow your path here, which is vastly missing for many people invested in bitcoin during late 2017.

[hatshepsut93]

That's actually a thing about to happen.. look back at 2-3 years ago, we had nowhere to spend our cryptos but exchanges while now we have lots of online well known stores selling stuff / services and, depending in where you are from, you can even buy it in offline stores.. lots of stuff for us to spend our cryptos in a daily basis.
I don't know what exactly you mean by competitive prices but here, in Brazil, many stores will offer you some discount if you use BTC (or cryptos) as payment method.. they are aware of the growth the coins had lately so they are trying to take advantage of it

In 2017 I used BTC a few times to buy games on Steam - back when they were working with Bitpay, but then BTC fees skyrocketed and Steam and some other businesses have dropped Bitcoin and didn't add it back after the fees have normalized. Aside from that I haven't seen any services that I use that accept Bitcoin - though I've seen a lot of sites accepting donations in BTC, which is great. I'm hoping that Lightning will make BTC more accepted everywhere, maybe it will even make international payments easier and I'll be able to buy some new things that are too expensive or inconvenient to buy right now for me.

[Nadziratel]

It is so funny. Because I and my friend talked about Bitcoin's future and its future prices. And we dreamed something which connected this dream... We don't know it will be real but, It is great to dream it

[stfN2128]

You can use this "strategy" or other word is trading i guess. Yeah, if you know what you are doing and the price pulls back everything is good. if you sell and the price won't come back you are getting mad
I personally hold all of my btc before the parabolic run and during the whole bear market. i believe in bitcoin for longterm, buying and selling to the right time isn't my speciality

[partysaurus]

So many people have experienced the last all time high of a Bitcoin price high above $18 000 in 2017 and they invested loads of money into a dream of a better future, if the price goes back to $18 000 or much higher than that.  

Now, I am not saying that there is something wrong with having those dreams of making massive profits and funding future projects, because it is still a possibility.

I think the focus should rather be for us to take baby steps to that goal and the way for us to do that is to take small profits when the opportunity presents it self. The concept of buying low and selling high is as old as the mountains, but it is just as affective if you do it more frequently. The Bitcoin price has recovered from the all time low with more than 20% and many people are waiting for it to bounce back to 60% or 80% before they start taking profits again.

If you were one of the unlucky people who bought in at the all time high, you obviously have to wait for the price to recover to your entry price to break even or to make a profit when it pass that price, but there are enough volatility now to get in at a new low price and then taking small profits based on the smaller recovery increments.

If you re-invested at say $5000 and you sold lately at $8000, you could have reduced your precentage loss for the investments that you have done at a buy in price of $18 000. <If you do not want to wait for the $18 000+ price to come around again>

A buddy of mine has done this and he wiped out his potential loss within a few months, by simply buying in low again and selling at more frequent intervals.

Ps. Also remember to spend at least 20% of all the coins you buy, to feed the merchant network and use case for Bitcoin, or it will die as a currency.

more than making money out of bitcoin i real want it to succed and change the world of economics in some way shape or form, i realy think it can make a huge impact on the world if its used for its real purpose of bridging the cap between those that control all the money and the people that use it.